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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Office buildings
2222 Albion St Denver, CO 80222-4928
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0571790
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
WOOD
Total area
7,335 SF
Lot
0.28 ac (12,337 SF)
Zoning code
S-CC-5X
APN
06302-14-002-000
UPID
US13-0571790
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alan Deines - State Farm Insurance Agent Insurance Agency
-
Ella Massage Alternative Medicine Practice Spa & Massage Center
-
DPC Events Co. (Denver Picnic Co.) Event Planning Wedding Service
-
Farmers Insurance - Dean Jones Insurance Agency
-
Millie Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.34M
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.34M
Owner & transaction history
Albion Apartments Lllp · 1 yrs held
Albion Apartments Lllp
since 2024
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
S-CC-5X · Denver, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.0M
+58.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Denver submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Denver submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,335,000
ML approach
$1,335,000
CAP Approach
CAP Return
Estimation
6%
$1,910,000
6.5%
$1,765,000
7%
$1,640,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,240,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,965,000
Change: +58% · Conversion: Easy
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $1.34M (Oct 8 2024)
Last sale anchor
$1.34M
Oct 8 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$182 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$26,044
Tax year 2023
Assessed value
$336,110
Assessed 2023
Previous assessed
$199,810
+68.2% YoY
Effective rate
7.75%
On assessed value
Assessed land
$335,830
Assessed improvement
$280
Land market value
$1,233,700
Improvement market value
$1,000
Total market value
$1,234,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Stories
1
Units
5
Total area
7,335 SF
Lot
0.28 ac (12,337 SF)
Zoning code
S-CC-5X
APN
06302-14-002-000
UPID
US13-0571790
Jurisdiction
DENVER
Zoning & alternative use
S-CC-5X · Denver, CO
Zoning S-CC-5X · permitted uses
S-CC-5X · Denver, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Denver. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Units
5
Lot
0.28 ac
Current owner
From public records · entity-resolved
Albion Apartments Lllp
Entity
Mailing address
1555 S MADISON ST #326, DENVER, CO 80206-1821
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2024
$1,335,000
Albion Apartments Lllp
850 Lincoln INC
Special Warranty Deed
$6,760,000 · Wells Fargo Bank NA
Aug 27, 2020
$689,000
850 Lincoln INC
Patricia A Church
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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